Buy To Let Deal of the Week
25th October 2017
Attention all investors!!!
Oswald Road, Newbiggin by the Sea
This 3-bedroom terrace property in Newbiggin by the sea has great investment potential.
Currently being marketed at £39,950 – it’s below the stamp duty threshold so an immediate saving of 3%.
The UPVC windows, combi gas central heating system, the flat roof on the porch and UPVC cladding have all been renewed within the last 3 years.
The interior of the property requires refurbishment however once completed this should get good tenant interest and deliver a decent return.
If you pay the asking price for this property and spend around £5,000 - £8,000 to bring it up to a good standard, then it should rent out at £450pcm. This will give a Gross Yield of 11.5% which is not to be sniffed at!!
The property is being marketed by Rickard Estate Agents, Ashington, so you will need to contact them for further details and a viewing http://www.rightmove.co.uk/property-for-sale/property-60680038.html
If you wish to discuss this or any aspect of property investment then contact us at
firstname.lastname@example.org or give us a call on 01670 208803. We look forward to hearing from you.
Newbiggin by the Sea Property - Do you know the Facts and Figures?